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Coinbase on IPO ASX and blockchain, hackers test cryptocurrencies

10/26/2018
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In Australia, the stock market will use blockchain technology, rumors of Coinbase's exit on an IPO. A Bitcoin Private crackdown was conducted by "white hackers".

Australian stock exchange ASX switches to blockchain

Australian Stock Exchange operator ASX has announced plans to transfer its platform to the blockchain. Peter Hiom, a company's representative, said it would not be a revolutionary change to the transaction system.

The operator plans to provide the same services as before. But now they will be faster and safer. In this regard, it should be recalled that there are similar plans with the Bank of Canada. The next stage of the experiment, where the clearing of exchange assets was carried out through the blockchain, was successfully completed.

Attack 51 for $ 100

The White Hacker, which operates under the nickname Geocold51, verified the Bitcoin Private coin's vulnerability on the air. A recognized security expert on blockchain has shown that small coins can easily become victims of fraud. To conduct a test "attack," he chose an asset with a total capitalization of $ 47 million.

At first, he bought the power for cloud mining for only $ 100, which allowed him to get more than 50% of the hash, and almost immediately take control of the system. As a result, the funds could be sent to two different wallets. However, the bitcoin private coin was not damaged, the experiment was stopped at this stage.

Coinbase is preparing for an IPO

Coinbase, the largest cyber cap of the United States, may enter the IPO in the near future, just as CNBC believes. Already, the capitalization of the site is approaching $ 8 billion, and the total number of customers has exceeded 25 million.

However, while the representatives of the trading company have not yet confirmed this message. But it is expected that such a move will be made already next week. Placing shares will attract additional investment in a successfully developing project. Coinbase's quarterly profit for the past three months was $ 90 million.

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